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Citizens Property Insurance is Florida's insurer of last resort, created for homeowners who cannot find coverage in the private market. Takeout, also called depopulation, is the process by which private insurers offer to assume Citizens policies and move them off the state's books.
Approved private carriers periodically select Citizens policies they are willing to insure and make offers to those homeowners. If you have a Citizens policy, you may receive a notice that one or more private insurers want to take over your coverage.
A takeout offer is not automatic in every case, and the terms and price can differ from your Citizens policy. Sometimes a private offer is a better deal, and sometimes it is not. The key is to compare the coverage and cost rather than simply accepting or ignoring the notice.
Citizens has eligibility rules that can limit who stays, and private coverage can offer more options. Understanding your choices puts you in control of the decision.
If you received a takeout notice, have a licensed agent compare the offer against your current policy before you decide. Learn more about Citizens takeout or start a quote.
A side-by-side method for evaluating a Citizens takeout offer that goes beyond premium, covering deductibles, sublimits, endorsements, carrier financial strength, and the assessment risk you leave behind.
Citizens TakeoutIf you switch out of Citizens through a takeout or on your own, an open or future claim follows the date of loss, not your current insurer. Here is how claims, deductibles, and refunds work during the transition.